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NMDC raises iron ore prices by Rs 200 per tonne sparking fresh pressure on steel makers
Economy
Published on 6 May 2026
Baila lump now costs Rs 200 more per tonne
State-owned NMDC has increased its iron ore lump and fines prices by Rs 200 per tonne, effective immediately. Baila lump is now at Rs 5,500 per tonne and fines at Rs 4,700, excluding taxes and fees. The move is likely to raise input costs for steel manufacturers and could ripple through downstream pricing.
- NMDC hiked iron ore lump and fines by Rs 200 per tonne
- Baila lump is now Rs 5,500 per tonne, fines Rs 4,700
- Increase applies effective immediately and excludes taxes and fees
- Potential cost rise for steel manufacturing is expected
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times